By Cristal Cody
Chicago, Jan. 18 – KBC Group NV sold $1 billion of 5.796% notes due 2029, according to a market source.
The notes priced with a 210 basis points spread over Treasuries after talk started in the 250 bps area.
The notes have five years of call protection.
BofA Securities, Goldman Sachs, JPMorgan and Morgan Stanley were the bookrunners.
KBC Group is a Brussels-based bank and insurance group.
| Issuer: | KBC Group NV
|
| Amount: | $1 billion
|
| Issue: | Notes
|
| Maturity: | Jan. 19, 2029
|
| Bookrunners: | BofA Securities, Goldman Sachs, JPMorgan and Morgan Stanley
|
| Coupon: | 5.796%
|
| Spread: | Treasuries plus 210 bps
|
| Trade date: | Jan. 11
|
| Price talk: | Treasuries plus 250 bps area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
